Peters & Peters acted for a Jordanian businessman, Mr Almhairat, who was the Director of a telecoms company. It was alleged by two Saudi Prince shareholders, that he had committed offences of breach of trust and embezzlement. Mr Almhairat strongly contested these allegations on the grounds that they were politically and commercially motivated and had […]
Peters & Peters advised Wonga in relation to a potential City of London Police investigation into letters threatening legal action that were sent to its customers purporting to be from law firms that didn’t actually exist. The firm made detailed representations to the police, which resulted in a decision not to proceed further, despite media […]
Peters & Peters represented a number of Egyptian business people and former ministers after Mubarak’s overthrow. This has involved resisting multiple extradition requests, advising on Mutual Legal Assistance, and challenging numerous freezing orders and Interpol red notices. That the firm was separately instructed in relation to so many of the legal issues arising from the […]
The firm advised a multi-national corporation on creating a sanctions compliance programme tailored the particular demands of its business, which operates in 120 countries worldwide, including those subject to sanctions regimes and trade embargoes. This involved reviewing the company’s existing procedures, interviewing over 50 employees to identify risks, devising a global sanctions policy and, finally, […]
Peters & Peters act for a potential witness in a FCA investigation/prosecution into insider trading, which forms part of an overall major FCA insider trading case, in which a number of convictions have already been secured.
Peters & Peters acts for the first defendant in three linked sets of proceedings, in which aggregate damages of over $400 million are sought and which currently await trial in the Commercial Court. The cases concern fraud and banking issues, and have thus far involved multiple interlocutory hearings. Reported decisions in these matters are as […]
Instructed late in the day, Peters & Peters successfully defended the president of a global pharmaceuticals group due to stand trial for dishonesty offences. The proceedings were discontinued following lengthy representations made as to the inadequacy of the Crown’s disclosure, following which Peters & Peters obtained a novel and substantial costs award against the Crown.
Peters & Peters represented two exporters of mobile telephones, in domestic proceedings and before the ECJ in Luxembourg, in a case concerning the withholding of over £20m in VAT repayment claims. The firm obtained a landmark judgment which forced a change in approach for HMRC in tackling MTIC fraud.
Peters & Peters acts for a former Ukrainian minister and a number of corporate entities in connection with a SFO money laundering investigation. The firm secured the setting aside of a 23 million dollar restraint order pursuant to the Proceeds of Crime Act 2002, on the grounds of material non-disclosure by the Crown. The firm […]
The firm acts for several traders at different banks in relation to investigations into allegations of Libor fixing conducted by the FCA, SFO and DOJ. A number of the cases are ongoing. In one completed case the firm was successful in securing a private warning for the client, thus avoiding formal disciplinary action.
